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TREAS/IRS RIN: 1545-BN78 Publication ID: Fall 2019 
Title: 7874 Inversion Reporting 

These proposed regulations provide new reporting requirements for certain domestic entities that are acquired by a foreign corporation.  Current information reporting regimes do not provide sufficient information to determine the potential application of section 7874 and other provisions to an acquisition of a domestic entity by a foreign corporation. These regulations provide that the IRS will issue a new form to collect the necessary information, as well as information regarding certain post-acquisition transactions.

Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Other 
CFR Citation: 26 CFR 1   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 7874   
Legal Deadline:  None
Action Date FR Cite
NPRM  09/00/2020 
Additional Information: REG-137614-16 Drafting attorney: Shane McCarrick (202) 317-6937 Reviewing attorney: Charles P. Besecky (202) 317-6937 Treasury attorney: N/A CC:INTL
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Shane M. McCarrick
Assistant to the Branch Chief
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-6937
Fax:202 317-4922